Raising a lot of capital = Successful project?
In 2024, raising $100 million in capital is not a big number. But in 2017, that was a huge number. That also proves their credibility and communication ability with the community to help them believe in the project's vision.
However, in the changing market context, the number of residential projects that can continue to develop is not much. There are many projects that have stopped developing such as:
- Comsa
- QASH
- Hdac (backed by Hyundai)
Some other projects are still active but do not seem to be able to keep up with the market
- Tezos
- EOS
- Polkadot
- Bancor
- Status
Only Filecoin is the project that can keep pace with market changes.
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A project that mobilizes a lot of capital partly proves that it is a project that receives the trust of the community. For investors, a "rich" project is also one of the important factors that help the project survive the harsh downtrend season.
However, this does not guarantee that the project will be successful if the project does not have development potential. That's why projects listed on Binance Launchpad must have product market fit before being mobilized with tokens.
=> In your opinion, what is the minimum capital for the project to operate and succeed this season?
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